Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2021

Notes To Financial Statements

Accumulated Other Comprehensive Income (Loss)

12.     Accumulated Other Comprehensive Income (Loss):

The following tables set forth the changes in accumulated other comprehensive income (loss) by component for the periods indicated:

	For the three months ended September 30, 2021
	Unrealized Gains		Unrealized Gains
	(Losses) on		(Losses) on				Fair Value
	Available for Sale		Cash flow		Defined Benefit		Option Elected
	Securities		Hedges		Pension Items		on Liabilities		Total
	(In thousands)
Beginning balance, net of tax	$	485	$	(9,202)	$	(1,741)	$	2,041	$	(8,417)
Other comprehensive income before reclassifications, net of tax		(2,645)		179		—		58		(2,408)
Amounts reclassified from accumulated other comprehensive income, net of tax		7		1,812		72		—		1,891
Net current period other comprehensive income, net of tax		(2,638)		1,991		72		58		(517)
Ending balance, net of tax	$	(2,153)	$	(7,211)	$	(1,669)	$	2,099	$	(8,934)

	For the three months ended September 30, 2020
	Unrealized Gains		Unrealized Gains
	(Losses) on		(Losses) on				Fair Value
	Available for Sale		Cash flow		Defined Benefit		Option Elected
	Securities		Hedges		Pension Items		on Liabilities		Total
	(In thousands)
Beginning balance, net of tax	$	(2,708)	$	(21,473)	$	(878)	$	1,537	$	(23,522)
Other comprehensive income before reclassifications, net of tax		3,185		937		—		111		4,233
Amounts reclassified from accumulated other comprehensive income, net of tax		—		929		52		—		981
Net current period other comprehensive income (loss), net of tax		3,185		1,866		52		111		5,214
Ending balance, net of tax	$	477	$	(19,607)	$	(826)	$	1,648	$	(18,308)

	For the nine months ended September 30, 2021
	Unrealized Gains		Unrealized Gains
	(Losses) on		(Losses) on				Fair Value
	Available for Sale		Cash flow		Defined Benefit		Option Elected
	Securities		Hedges		Pension Items		on Liabilities		Total
	(In thousands)
Beginning balance, net of tax	$	1,290	$	(17,521)	$	(1,884)	$	1,849	$	(16,266)
Other comprehensive income before reclassifications, net of tax		(3,365)		4,885		—		250		1,770
Amounts reclassified from accumulated other comprehensive income, net of tax		(78)		5,425		215		—		5,562
Net current period other comprehensive income (loss), net of tax		(3,443)		10,310		215		250		7,332
Ending balance, net of tax	$	(2,153)	$	(7,211)	$	(1,669)	$	2,099	$	(8,934)

	For the nine months ended September 30, 2020
	Unrealized Gains		Unrealized Gains
	(Losses) on		(Losses) on				Fair Value
	Available for Sale		Cash flow		Defined Benefit		Option Elected
	Securities		Hedges		Pension Items		on Liabilities		Total
	(In thousands)
Beginning balance, net of tax	$	(3,982)	$	(5,863)	$	(983)	$	1,021	$	(9,807)
Other comprehensive income before reclassifications, net of tax		4,397		(15,215)		—		627		(10,191)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax		62		1,471		157		—		1,690
Net current period other comprehensive income, net of tax		4,459		(13,744)		157		627		(8,501)
Ending balance, net of tax	$	477	$	(19,607)	$	(826)	$	1,648	$	(18,308)

The following tables set forth significant amounts reclassified from accumulated other comprehensive income (loss) by component for the periods indicated:

For the three months ended September 30, 2021
	Amounts Reclassified from
Details about Accumulated Other	Accumulated Other			Affected Line Item in the Statement
Comprehensive Loss Components	Comprehensive Loss			Where Net Income is Presented
(In thousands)
Unrealized loss on available for sale securities	$	(10)		Net loss on sale of securities
		3		Provision for income taxes
	$	(7)		Net of tax
Cash flow hedges:
Interest rate swaps	$	(2,640)		Other interest expense
		828		Provision for income taxes
	$	(1,812)		Net of tax
Amortization of defined benefit pension items:
Actuarial losses	$	(125)	(1)	Other operating expense
Prior service credits		21	(1)	Other operating expense
		(104)		Total before tax
		32		Provision for income taxes
	$	(72)		Net of tax

For the three months ended September 30, 2020
	Amounts Reclassified from
Details about Accumulated Other	Accumulated Other			Affected Line Item in the Statement
Comprehensive Loss Components	Comprehensive Loss			Where Net Income is Presented
(In thousands)
Cash flow hedges:
Interest rate swaps	$	(1,352)		Other interest expense
		423		Provision for income taxes
	$	(929)		Net of tax
Amortization of defined benefit pension items:
Actuarial losses	$	(97)	(1)	Other operating expense
Prior service credits		21	(1)	Other operating expense
		(76)		Total before tax
		24		Provision for income taxes
	$	(52)		Net of tax

(1) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 9 (“Pension and Other Postretirement Benefit Plans”) for additional information.

For the nine months ended September 30, 2021
	Amounts Reclassified from
Details about Accumulated Other	Accumulated Other			Affected Line Item in the Statement
Comprehensive Loss Components	Comprehensive Loss			Where Net Income is Presented
(In thousands)
Unrealized gains on available for sale securities	$	113		Net gains on sale of securities
		(35)		Provision for income taxes
	$	78		Net of tax
Cash flow hedges:
Interest rate swaps	$	(7,883)		Other interest expense
		2,458		Tax benefit
	$	(5,425)		Net of tax
Amortization of defined benefit pension items:
Actuarial losses	$	(375)	(1)	Other operating expense
Prior service credits		63	(1)	Other operating expense
		(312)		Total before tax
		97		Provision for income taxes
	$	(215)		Net of tax

For the nine months ended September 30, 2020
	Amounts Reclassified from
Details about Accumulated Other	Accumulated Other			Affected Line Item in the Statement
Comprehensive Loss Components	Comprehensive Loss			Where Net Income is Presented
(In thousands)
Unrealized losses on available for sale securities	$	(91)		Net loss on sale of securities
		29		Provision for income taxes
	$	(62)		Net of tax
Cash flow hedges:
Interest rate swaps	$	(2,140)		Other interest expense
		669		Provision for income taxes
	$	(1,471)		Net of tax
Amortization of defined benefit pension items:
Actuarial losses	$	(292)	(1)	Other operating expense
Prior service credits		64	(1)	Other operating expense
		(228)		Total before tax
		71		Provision for income taxes
	$	(157)		Net of tax

(1) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 9 (“Pension and Other Postretirement Benefit Plans”) for additional information.